NEWS RELEASE
BARRIE AND DISTRICT ASSOCIATION OF REALTORS
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The May 2020 sales information is in, and residential property sales recorded through the Matrix System for the Barrie and District Association of REALTORS Inc. (BDAR) region showed a strong recovery from last month, as the number of residential units sold doubled.
The Housing Price Index (HPI) showed a month-over-month increase of 0.6 per cent from April 2020.
Month-Over-Month (May 2020 vs April 2020) All Residential Homes
Simcoe County
445 residential units were sold in Simcoe County last month—a 102.3 per cent increase from April 2020. During the same time, a year ago (April 2019 to May 2019), there was a 2.4 per cent increase in the number of units sold.
The average price of residential units sold last month was $552,733—a 4.9 per cent increase from April 2020. In comparison, the average price a year ago increased by 1.5 per cent from April to May.
City of Barrie
212 units were sold last month within the City of Barrie, which was 116.3 per cent more than the number of units sold the month prior. A year ago, the number of units sold between May and April increased by 9.8 per cent.
The average price of units sold within Barrie during May 2020 was $519,915. This was 1.8 per cent less than the average price during April 2020. In contrast, the average price of units sold between May 2019 and April 2019 increased by 1.3 per cent.
Simcoe County Excluding Barrie
In Simcoe County Excluding Barrie last month, 233 units were sold. This was 91.0% more than the number of units sold during April 2020. In the same time a year ago, there was a 3.7 per cent decline in the number of units sold outside of Barrie.
The average price of units sold in the areas outside of Barrie last month was $580,633. This was 10.4 per cent more than the month before. Between May 2019 and April 2019, the average price of units sold outside of Barrie increased by 3.5 per cent.
Year-To-Date (YTD) (May 2020 YTD vs May 2019 YTD) All Residential Homes
Simcoe County
1878 residential units were sold in Simcoe County during May 2020 Year-To-Date (YTD) (January 1, 2020 – May 31, 2020). This was 2.2 per cent less than what was sold during the same timeframe last year (January 1, 2019 – May 31, 2019). The average price of residential units sold during May 2020 YTD was $541,130. This was 5.7 per cent greater than the average price during the same timeframe last year.
City of Barrie
919 units were sold in the City of Barrie during May 2020 YTD. This was a 4.4 per cent growth from the same timeframe last year. This growth contrasted the decline in total Simcoe County (-2.2 per cent).
The average price of units sold within the City of Barrie during May 2020 YTD was $522,265. This was 8.5 per cent more than the same timeframe last year, and this growth was greater than what was seen in the total Simcoe region (+5.7 per cent). During May 2020 YTD, Barrie accounted for 48.9 per cent of residential properties sold. This was 3.1 share points more than the same timeframe during 2019.
Simcoe County Excluding Barrie
959 residential units were sold in the areas outside of Barrie during May 2020 YTD. This was 7.9% less than the number of units sold during May 2019 YTD. This decline in the number of units sold was greater than the decline seen in the total Simcoe region (-2.2 per cent).
The average price of units sold during this time was $562,775. This was 6.1 per cent greater than what was seen during May 2019 YTD. This growth was slightly less than that of total Simcoe (+5.7%). During May 2020 YTD, Simcoe County Excluding Barrie accounted for 51.1 per cent of residential properties sold. This was 3.1 share points less than the same timeframe during 2019.
Year-Over-Year (May 2020 vs May 2019) All Residential Homes
The Housing Price Index (HPI) showed a year-over-year increase of 12.0 per cent between May 2020 and May 2019.
Simcoe County
445 residential units were sold in Simcoe County last month—12.4% less than the same time last year. As well, the average price of residential units sold was $552,733 which was 7.4 per cent greater than that of May 2019.
City of Barrie
212 residential units were sold during May 2020 within Barrie. This was 14.2 per cent less than the number of units sold during May 2019. This decline was slightly greater than that of total Simcoe County (-12.4 per cent).
The average price of residential Barrie units sold during May 2020 was $519,915 —5.8 per cent greater than the average price of units sold during May 2019. This growth was less than the average-price growth of total Simcoe County (+7.4%).
Sales in Barrie accounted for 47.6 per cent of residential sales in Simcoe County last month. This was 1.0 share point less than the same time last year.
Simcoe County Excluding Barrie
233 residential units were sold outside of Barrie during May 2020, and this was 10.7% less than the number of units sold during May 2019. This decline was slightly less than the 12.4 per cent decline seen in the total Simcoe region.
The average price of units sold in Simcoe County Excluding Barrie last month was $580,633. This was a 7.0 per cent increase in the average price, year-over-year. This growth was slightly less than what was found in total Simcoe County (+7.4 per cent).
Residential property sales outside of Barrie accounted for 52.4 per cent of sales in Simcoe County last month. This was 1.0 share point more than the same time last year.
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